Adani Enterprises Limited FPO
i. Adani Enterprises is one of India’s largest listed business incubators in terms of market capitalisation and are driven by the philosophy of incubating businesses in four core industry sectors – energy and utility, transportation and logistics, consumer, and primary industry.
ii. Since inception, the Adani group has incubated six decacorn businesses and successfully listed them, including by way of demergers, as Adani Ports and Special Economic Zone Limited, Adani Power Limited, Adani Transmission Limited, Adani Green Energy Limited, Adani Total Gas Limited, and Adani Wilmar Limited.
iii. Adani Enterprises’ current business portfolio includes:
i. Energy and utility
ii. Transport and logistics: as part of their airports business they manage prominent airports in India.
iii. Consumer: they manufacture, market, and brand food FMCG products.
iv. Primary industry: they offer mining services that involves contract mining, development, production-related services and other related services to mining customers primarily in the coal and iron ore industries
i. Demonstrated track record and expertise in project execution and management
ii. Tapping on the growing green hydrogen potential in India to build a fully-integrated green hydrogen ecosystem in India
iii. Airport assets of national importance are strategically located and are supported by a stable regulatory framework and concession terms.
iv. Robust environmental, social and governance (“ESG”) focus enhancing value in a responsible way.
Objects of the Adani Enterprises Limited FPO:
Adani Enterprises Limited FPO Details:
|Open Date:||Jan 27 2023|
|Close Date:||Jan 31 2023|
|Total Shares:||6.10 Cr|
|Face Value:||₹ 1 Per Equity Share|
|Issue Type:||Fixed Price Issue FPO|
|Issue Size:||20,000 Cr.|
|Lot Size:||4 Shares|
|Issue Price:||₹ 3112-3276 Per Equity Share|
|Listing Date:||Feb 08 2023|
Promoters And Management:
Financials of Adani Enterprises Limited FPO:
|Particulars (in cr)||Mar 2017||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Profit before tax||1,079||487||459||1,122||1,086||952|
|EPS in Rs||8.98||6.89||6.52||10.35||8.39||7.06|
|Dividend Payout %||4%||6%||6%||10%||12%||14%|
Comparison With Peers:
|Name||CMP Rs.||P/E||Mar Cap Rs.Cr.||Div Yld %||NP Qtr Rs.Cr.||Qtr Profit Var %||Sales Qtr Rs.Cr.||Qtr Sales Var %||ROCE %|
|Hindware Home In||444||32.06||3209.89||0.11||16.25||-34.69||714.8||15.91||22.34|
Lead Manager of Adani Enterprises Limited FPO:
- Axis Capital Limited
- BOB Capital Markets Limited
- Elara Capital (India) Private Limited
- ICICI Securities Limited
- IDBI Capital Market Services Limited
- IIFL Securities Ltd
- Jefferies India Private Limited
- JM Financial Consultants Private Limited
- Monarch Networth Capital Limited
- SBI Capital Markets Limited